It’s been a month since I’ve posted, and gasoline is at a three year(?) low of abotu $1.59 per gallon. That’s great for those with SUV’s like me (and millions of other Americans!), but it also means that auto companies have less incentive to sell cars with good fuel economy (i.e. small) in the U.S., that oil companies has less incentive to explore for more reserves (crude needs to be @ $75+ to make it feasible), and investment in alternative energy wanes.
Chris Martenson’s Crash Course is available on (free ISO) DVD now, so I’ve been cautiously sharing it with others. I’ve also been volunteering to help setup his YouTube channel http://www.chrismartenson.com/crashcourse
The economy has stabilized–kind of–but is doing horrible. The Dow has been bouncing around 8500-9000 for the past month, foreclosures are up, unemployment is up, and people are actually trying to save more and spend less. There is a psychological element to it all as people are tightening up on bad economic news, even if they aren’t personally affected yet. Also, most retailers struggled to break even this year and many bankruptcies and store closures are expected.
I appreciate Kathy’s post over at peakoilblues.com that looks at 2008 in review and how to have a decent 2009: http://www.peakoilblues.com/blog/?p=1065
I plan on computing less, relaxing more, spending more time with the family, and loving deeply. Ask me how I’m doing in a few months!
Blessings in ‘09,
Jason
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